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The latest update is out from Ebix (EBIXQ).
As the company successfully executed its reorganization plan upon emerging from bankruptcy, all existing shares of common stock were canceled, leaving them with no value. Control shifted entirely to the plan sponsor, with Eraaya Lifespaces Limited and its associates receiving 100% of the newly reorganized equity. Simultaneously, significant changes in leadership occurred, with the departure of several officers and directors and the appointment of two new directors. The company is also taking steps to deregister its common stock and will cease filing periodic reports, as it no longer meets the requirements for public trading.
For a thorough assessment of EBIXQ stock, go to TipRanks’ Stock Analysis page.
